GoI and ADB sign loan for MPDRIISP

The Government of India and ADB have signed a Rs 22.9 billion ($350 million) loan agreement for the Madhya Pradesh District Roads II Sector Project. In addition to this loan, an amount of Rs 9.81 billion ($150 million) will also be provided by the Madhya Pradesh government as counterpart support. The project aims to improve about 1,500 km of major district roads in Madhya Pradesh, in line with the state’s road development plan for 2013-33.